While it can be a very desirable concept to see conventional engine powered cars being replaced by the next generation electric vehicles, it5 also costs a lot of money. And this has been proved to the correct once again – this time by Audi which it has agreed to spend on development of the next...

Even as top executives of German car companies gathered in the United States capital Washington in the hope of avoiding potential import tariffs on luxury cars by the Donald Trump administration, the World Trade Organization (WTO) warned on Tuesday of he crisis that is being faced by the global...

In what is another blow to the image and reputation of the German lender Deutsche Bank, following a string of scandals and fines that already had waned its image among investors, the lender’s headquarters in Frankfurt was raided by the German police as a part of the investigations into the alleged...

HP reported its fourth quarter revenues higher than what analysts were expecting which helped its stocks to surge in late trading on Thursday as the company ended a positive quarter.   The Palo Alto, California-based company reported a net income of $1.5 billion, or 91 cents per share for...

After creating a global network that more than 5 million homes, castles, and treehouses for rent and a business that is estimated to be worth about $38 billion, Airbnb is now venturing into a business where it would act an architect or a town planner. This is the outcome of a futures division of...

Following the rejection of the telecommunication industry’s first request for using 5G mobile network planned to be supplied by the Chinese technology company Huawei Technologies Co Ltd in New Zealand by the country’s intelligence agency, the Chinese firm announced it would seek clarifications on...

Following the announcement by the largest car marker of the United States to cut thousands of jobs in North America and stopping production of slow selling models, US president Donald Trump issued a threat of cutting off all forms of federal subsidies to General Motors, amidst debate about his...

Cdiscount, the Casino Group subsidiary which offers French shoppers an alternative to Amazon, has made some significant inroads into recapturing some of that market. According to Xsellco, a provider of platforms for e-platform companies, Cdiscount is the second most visited e-commerce store in...

The Trump administration has been asked by two U.S. senators to conduct an inquiry into alleged violation of US sanctions by the Chinese telecommunications company ZTE Corp had helped the setting up of a database for monitoring of the behavior of citizens in Venezuela.    According to a...

Despite the demand for its luxury and conventional car models such as Mercedes-Benz Maybach in the Chinese market remains strong, German luxury car maker Daimler plans to begin manufacturing of electric cars in the Chinese market starting next year with the aim of coping up with the stringent anti...

In what is the largest restructuring in the company in its North American unit of General Motors since it faced bankruptcy about a decade back, the US car manufacturer is set to reduce production, bring an end to making a number of its slow-selling models, and reduction of the workforce in the...